Mike,
From memory, wasn't there a separate price for any additional land over 117 acres previously agreed to, explaining the $7500 purchase price? And, did any document mention a certain amount of flexibility to change the boundary as needed? And, didn't MCC end up at 123 acres, which would be 117 + 3 from HDC + 3 from the RR?
Lastly, while the map doesn't say 117 acres, it appears the land contract does, no? Would there be any land contract that wasn't accompanied by a property description? And, that is why it had formerly change later?
Jeff,
Here's the document related to changing the boundary as needed from what I copied and posted here earlier;
On December 21
st, 1910, Merion’s counsel T. DeWitt Cuyler sent the following letter to Merion President Allen Evans;
Philadelphia, December 21, 1910.Mr. Allen Evans,President, Merion Cricket Club,Haverford, PaMy dear Sir:Re Merion Cricket Club Golf Association,Inaccordance with Mr. Lloyd‘s request, I enclose herewith letterfrom the Haverford Development Company of November 10th and copy of your reply thereto showing the terms of the agreement to purchase the land for the golf grounds. I also enclose copy of my letter to you of November 23rd. As I have duplicates of these three papers, I would thank you to return them or copies of them to me.I would report that proceedings for the incorporation of the Merion Cricket Club GolfAssociation are underway with a slight modification of the details of my letter ofNovember 23rd.In regard to the title of the property the boundaries of the land to be acquired being asyet uncertain owing to the fact that the golf course has not been definitely located, itwas found advisable that the Haverford Development Company should take the title inMr. Lloyd‘s name, so that the lines could be revised subsequently. I would thank youto let me know as soon as the boundaries have been determined upon.I understand that as no cash will be needed for some months, the issuance of thesecond mortgage bonds can be postponed until after the boundaries of the propertyhave been determined upon. I should be much obliged if you would at your convenience let me have a copy of thelease of the Cricket Grounds from the Haverford Land and Improvement Company inorder that the lease of the golf grounds may conform therewith.Yours very truly,(Signed)
Thomas DeWitt Cuyler
Careful readers will note that Mr. Cuyler states that it
”was found advisable that the Haverford Development Company should take the title in Mr. Lloyd’s name, so that the lines can be revised subsequently” as the boundaries (along the western edge north of Ardmore Avenue) had not yet been determined.
In fact, by the time of that letter, Mr. Lloyd had already taken title of the entire 161 acres of the Johnson Farm and Dallas Estate properties and had done so on December 10th, 1910. Thus, any further dealings for the negotiation of that land could be, and in fact needed to be done through Mr. Lloyd, who represented both sides of the transaction. You’ll recall that Richard Francis rode to Lloyd’s house on his midnight ride and it was appropriate to do so as Lloyd held the title to the property and would need to approve any land exchanges, particularly any exchanges that required additional property for golf.
The previous month in an exchange of letters (also posted here earlier today) between Joseph Connell of HDC and Allen Evans of Merion, Merion agreed to secure 117 acres of property. (see my post #205 from today for the actual letters)
All of this became moot when H.G. Lloyd, acting under Cuyler's advice, purchased the entire 140 acres of the Johnson Farm and 21 acres of the Dallas Estate. This was evidently done so that boundaries could be revised subsequent to the design of the golf course.
As far as the $2,500 price per acre, on November 15th 1910, H.G. Lloyd sent a stock option opportunity letter to Merion members that included the following, also posted in full earlier today (bolding mine);
There will be acquired by the Company, five tracts of land, aggregating approximately
338 acres, so that after the sale of 117 acres for the Golf course, there will remain
about 221 acres, some of which has been improved.
The average cost of the remaining
land will be less than $2,500 per acre. Of this amount, about $1,000 per acre will be
paid in cash and the balance remain on mortgage. It is estimated that the $300,000
Capital will provide ample funds for such development work as may be necessary,
including road building, etc.
Horatio G. Lloyd,
Chestnut and Fifth Sts.